Technical analysis EURCHF for 20.04.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the top of the cloud. The closest resistance is the level 1.0290
Key levels
- 1.0480, 1.0360, 1.0290, 1.0225, 1.0165, 1.0090, 0.9975
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.0290, with Take Profit of 1.0360 and Stop Loss of 1.0225
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.0225, with Take Profit of 1.0165 and Stop Loss of 1.0290
Scenario
Recommendation
BUY STOP
Entry Point
1.0290
Take Profit
1.0360
Stop Loss
1.0225
Key Levels
1.0480, 1.0360, 1.0290, 1.0225, 1.0165, 1.0090, 0.9975
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.0225
Take Profit
1.0165
Stop Loss
1.0290
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.